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mircea_popescu: benkay that's incidental tho, it stopped quoting because bitcoincharts went kinda awol.
mircea_popescu: whoa look at that, mpoe profit is branded by the beast.
mircea_popescu: "plz ilegallty share my medical records, it makes me 1.5k per item"
mircea_popescu: i suppose the future of medicine is having doctors sign contracts where if your information leaks they're held in strict liability.
mircea_popescu: the Anon Derp will go "hey guyse here's this new original wheel I invented all by myself in my garret!"
mircea_popescu: when we take over there's going to be a grand bronze statue of The Anonymous Derp in Bitcoin Plaza
mircea_popescu: There are two main difficulties: first, how can a pair of anonymous participants trade shares without a trusted party to facilitate the transaction?
mircea_popescu: "We showed that this is not the case, that there are infinitely many outcomes that are stable yet differ from the written rules of Bitcoin."
mircea_popescu: lol the guy "build an understanding of the political economy" w/o ever showing up on bitcoin-assets ?
mircea_popescu: thestringpuller the french were quite routed after trafalgar and waterloo.
mircea_popescu: what's come to be known as "colonialism" is the key ingredient to civilisation.
mircea_popescu: nah, it's not outside threat, it's a certain worldview. one that deliberately opresses stupidity.
mircea_popescu: the unthreatened mongols organised pretty much central asia's most complex empire.
mircea_popescu: scared tyrants aren't particularly dangerous. it's the tyrants that perceive themselves safe, a la stalin or the voting public in france/us/sweden/etc that are dangerous.
mircea_popescu: jurov` well, it may or may not improve skills, but it does incentivize the right way at least.
mircea_popescu: nubbins` the politician is unimportant. compare the sovereigns. elector vs tyrant.
mircea_popescu: no, i really beleive it's not the same thing. the despot is perpetually at danger for hius life.
mircea_popescu: the voter faces no such challenge (and in fact the only funds diverted from filing canyons with crumpled cars go to ensure elector never faces any inconvenience)
mircea_popescu: nubbins` i think that's the most visible form of the thing, "so this guy can drive, well, so can I. watch me"
mircea_popescu: why do you think people watch the crud "entertainment" produced these days ?
mircea_popescu: well, would you rather lose the elections or win the elections ?
mircea_popescu: democracy fundamentally incentivizes people to be wrong.
mircea_popescu: more generally : on any particular question you will always find more people who made a mistake than people who got it right. this is the very nature of error. if voting decides what's error and what's not then there will be nothing but errors.
mircea_popescu: well, i'd state that as "people are willing to step on their unwarranted self delusions of grandeur and recognise other's superiority only when hunger or fear compels them to"
mircea_popescu: it incentivizes people to deny competence instead of recognising it, yes.
mircea_popescu: in this sense, democracy is possibly the worst system, inasmuch as look at all the wrangling in the forums re mpex.
mircea_popescu: the idea is to not arrange economic incentives so that anyone is better served by denying another's competence than by recognising it.
mircea_popescu: he has a point tho. it doesn't HAVE to come with bloodshed.
mircea_popescu: this is the internet, where things are whatever anyone imagines them to be.
mircea_popescu: the funny part : his cold wallet was 600 btc and his hot wallet 5k
mircea_popescu: basically this is a "bfl will fail to deliver by march" wioth some irrelevant crap tacked on
mircea_popescu: pankkake well the entire "we put lamp in there" thing i could see maybe
mircea_popescu: you mean the time pirate guy tried to depress the exhcnage rate and failed miserably within an afternoon ?
mircea_popescu: nubbins` no there isn't, people have put child porn in there.
mircea_popescu: (blockchain uses a hash mechanism to mostly avoid this problem)
mircea_popescu: otherwise you can introduce arbitrary data in your tx, which peopel don't like because it bloats the chain
mircea_popescu: dexX7 you mean tag txs ? blockchain wallet apparently does it
mircea_popescu: this on the surface seems to be exactly wrong : the sorts of people liable to send btc over to "profit" in such a scheme would be the exact ones not inclined to sit down and try and figure out anything.
mircea_popescu: much in the way plato's own nonsense ended up with socrate dead.
mircea_popescu: they're both very naive, yet very pure and very faithful platonisms,
mircea_popescu: jurov` he did so mean centralisation. plato's idea of the republic informs both mussolini's "all in the party and nothing outside the party" as well as mao's cultural revolution.
mircea_popescu: 's leviathanesque ideas struck as edgy rather than stupid
mircea_popescu: but in general the greeks were quite decentralised, to the degree plato